Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Bookmark numbers helps keep track of how many bookmarks you have
(0,4)(2,-3)
slope = (-3 - 4) / (2 - 0) = -7/2
Line above the repeating number
Answer:
Step-by-step explanation:
x1 = 0.5 x2 = -0.4 y1 = 1.3 y2 = -1.3
=2.75
